Morgan Stanley Maintains Overweight on Driven Brands Hldgs, Lowers Price Target to $24
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Simeon Gutman has maintained an Overweight rating on Driven Brands Hldgs (NASDAQ:DRVN) but lowered the price target from $37 to $24.
August 04, 2023 | 1:38 pm
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NEGATIVE IMPACT
Morgan Stanley has maintained an Overweight rating on Driven Brands Hldgs but lowered the price target from $37 to $24.
The lowering of the price target by Morgan Stanley indicates a potential decrease in the stock's value. This could lead to a negative short-term impact on the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100